LONDON: Assurant Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions today announced the acquisition of iSmash, the UK’s leading independent tech repair brand, offering express drop-in repair services for smartphones, tablets and laptops. Founded in 2013, iSmash has grown to 38 convenient retail locations with 152 employees across the UK. The…
Tesla eyes India for $3 billion EV factory: A strategic move in global manufacturing
Tesla will explore locations in India this month to set up an electric vehicle factory, according to a Financial Times report. Tesla’s exploration of potential locations in India for a new electric vehicle (EV) factory represents a significant development in the country’s automotive industry. The proposed investment of up to $3 billion underscores the magnitude…
SK Hynix announces $3.87 billion chip packaging plant in USA
SK Hynix, a global leader in memory chip production, has unveiled plans to invest $3.87 billion in its inaugural chip packaging plant on American soil. This move is a strategic win for the Biden administration’s initiative to bring chip manufacturing back to the U.S. The announcement was made at Purdue University in West Lafayette, Indiana,…
BYD gears up to electrify the Pickup Truck market
China’s BYD has announced its plans to roll out its inaugural electric pickup truck. This strategic launch positions the Chinese automotive powerhouse to go head-to-head with industry stalwarts such as Ford and Tesla. A Global Contender Emerges The upcoming midsize-to-large pickup truck is tailored for the international stage, according to BYD’s recent press release. While…
NKT invests in medium-voltage power cable business
In response to the surging demand for medium-voltage power cables, essential for European grid upgrades and renewable energy projects, NKT has announced significant investments to enhance production capabilities at its facilities in Denmark, Sweden, and the Czech Republic. The move aims to bolster NKT’s capacity to meet the needs of electrical grid operators undertaking extensive…
Reply Group launches LoopMind: An AI monitoring and compliance platform
Reply Group’s Sprint Reply has launched LoopMind. This innovative platform promises to revolutionize the way organizations monitor, secure, and comply with regulations when using artificial intelligence. LoopMind stands out with its ability to provide complete visibility into AI-driven workflows, ensuring adherence to the European AI Act’s standards. It emphasizes the importance of human oversight through…
Hexagon acquires asset performance management software firm, Itus Digital
STOCKHOLM: Hexagon, a leader in digital reality solutions, has expanded its portfolio by acquiring Itus Digital, a specialist in asset performance management (APM) software based in Roanoke, Virginia. This strategic move bolsters Hexagon’s HxGN EAM platform and complements its existing product range. APM is a strategic approach in industrial operations aimed at boosting reliability, maximizing…
Cainvest and OKX forge partnership to enhance crypto trading
Cainvest, a prominent financial institution, has announced a strategic partnership with OKX, a global leader in Web3 technology and cryptocurrency exchange. This alliance aims to bolster Cainvest’s stature as a major liquidity provider in Brazil and provide OKX’s 50 million users with improved liquidity options for Brazilian Reais token pairs. Charles Aboulafia, CEO of Cainvest,…
Once For All has acquired Nalanda Global in Spain
Once For All, a prominent provider of supply chain compliance and sustainable sourcing solutions, has acquired Nalanda Global, a top Spanish software platform specializing in supply chain risk and compliance management. This acquisition marks a significant expansion for Once For All into the Spanish market and is set to enhance its technology platform with a…
ECO Animal Health Group streamlines operations with Sale of ECOmectin® Horsepaste
LONDON, UK: ECO Animal Health Group plc (AIM: EAH), known for its expansive portfolio of veterinary products and a burgeoning R&D pipeline, has announced the sale of its ECOmectin® Horsepaste to ACME Drugs S.r.l, a trusted manufacturing partner based in Italy. The deal, valued at €1.3 million, marks a significant step in ECO’s ongoing efforts…
Kore Potash Plc appoints M. André Baya as Chief Executive Officer
LONDON: Kore Potash Plc, the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announced the appointment of Mr J. M. André Baya as Chief Executive Officer (‘CEO’) effective from 15 April 2024. André has over 20 years of experience in…
GetBusy plc has acquired trade and assets of SmartPath LLC
LONDON, UK: GetBusy plc (AIM: GETB), a leading provider of productivity software for professional and financial services, announced the acquisition of the trade and assets of SmartPath LLC, the pricing intelligence and revenue optimisation platform for the accounting industry. The acquisition broadens the Group’s product offering into the pricing and small-practice management space in the…